Business Research Methods Essay Example | Topics and Well Written Essays - 3000 words

Business Research Methods - Essay Example Today, highly advanced technologies are available and that can be used for various purposes of an organization. Information technology, mainly use of computer and software-assisted tools can be used for research and various other organizational functions. In research, different types of software can be used to ensure greater accuracy and dependability of the data or information being collected and studied. Purposes of Organizational Research Business organizations require useful, valid and accurate data in order to run the business effectively. When data are made available in the form of raw and they are converted to more useful, analyzed, synthesized and evaluated form, known as information, they are more helpful to managers to make appropriate decisions (Sekaran, 2003, p. 42). Basically, the research is conducted for two different purposes, one is to find a solution to a current problem faced by managers in specific work setting and it requires timely solution. This is known as app lied research. The second is to generate a body of knowledge in order to solve certain problems that are likely to occur within the organization. it is known as basic research (Sekaran, 2003, p. 7). For a business organization, financial and various other functional data play vital roles in decision making and many other managerial functions. For example, sales figures, gross and net profit, sales returns, reasons for sales return, commission or interest received, percentage increase in interest and profit and many other financial data are of greater use to the business. Both financial and management accounting departments can make use of these information for various decision making and strategic thinking processes. As Ghauri and Gronhaug (2005, p. 5) noted, business organizations are attempting to develop strategic monitoring programs in order to help them identify and recognize competitors’ strengths, weaknesses and overall business strategies. Business firms can establish computer-based analysis so that they can provide better information-management system to help them develop effective strategies and thus to sustain business success. As it is clear with any case, none can take decisions on any important issue unless a more deep investigation about that specific issue can be conducted. This investigation is more likely to help analyze all these information to make a judgment about the right solution to the specific problem being identified. Business Research with presently available software Generally, in recent years computer has become an integral part of business and it plays extremely significant roles in research as well. In simple terms, computer software like Microsoft Word, Microsoft Excel and any other spreadsheet or document software that are currently available are widely used for various research purposes. All these sorts of software are used for recording, listing, analyzing, interpreting, calculating, controlling, evaluating and synthe sizing different types of data. For instance, Microsoft Excel can be used for calculations and data presentation in a large numbers of different formats. Apart from these very basic software tools that are widely used for organizational research, following are some of other software that have recently gained significant importance in research. 1- Groupware- Groupware is a software, linked to networking to help research team work on

Applying innovation idea of Grameen Phone(Grameen Bank Project) in the Research Paper

Applying innovation idea of Grameen Phone(Grameen Bank Project) in the new geographical location (Perhaps Kazakhstan) - Research Paper Example An exhaustive analysis of this business model shows that among the superfluity of explanations, three essentials are generally notable: The product or service anticipated for the clienteles. The manner in which the company is structured so as to provide this product and service to its clients. The profits concept. Social businesses could be viewed as a detachment of social private enterprise, which comprises both profit and non-profit ingenuities, and which could be notable from conservative entrepreneurship. Therefore, a social business is a novel formula of business that could be positioned anywhere between a profit-making and a non-profit-making business enterprise.2 In the year1996, in partnership with other three overseas enterprises, the Grameen Bank formed a mobile phone firm, the Grameen Phone, to spread telephone facilities through Bangladesh. Without any land-line facility in most of the Bangladeshi villages, mobile phone know-how was vital to usher the country into the ele ctronic communication age. By thought-provoking the conventional knowledge and rules of business, Grameen Phone had opened a novel market. In relation to the Grameen Phone innovation policy, its application in Kazakhstan would indeed be a real benefit when considering that the country has some imbalances in terms of poverty levels. It would allow most of the poor or middle class persons to access loans that would enable them change their financial stature. Precedencies for the innovation strategy are all hypothetically. To achieve long-standing strategic policies and innovation methods defies the distinctive focus that deals with developing a suitable environment to let the mechanisms of the Grameen Phone innovation policy. The worldwide practice demonstrates that a country: in this case Kazakhstan, with a market economy can collaborate with the private segment stakeholders in essential alterations in the economy.3 A good example of this case scenario is that of the current China wh ich also follows the innovation policy of teamwork with the private sector in scheming strategic innovation and industrial development ways. 1) Investment co-ordination- Like in most parts of Kazakhstan, the unfledged markets are not in a position to evaluate the demand for new improved quality services and 4products to be manufactured through development of the production channels. This investment innovation co-ordination model policy recommends certain dimensions at both the state and private establishments. 2) Business collaboration development ingenuities. Hands-on state business collaboration strategy could be unswervingly targeted to reinforce business contacts in the following groupings: Particular groups of investors formulate innovative market areas and are an indicator on information on invention criteria. Purveyors of equipment permit production involvement alongside it. Purveyors of inputs add to generation of new innovative ideas and invention approaches while consideri ng challengers as a rich basis for new concepts.5 Countries with unfledged market may require a facilitator to stimulate the snowballing market allowance and business collaboration procedures. Founded on the global experience, the approach implementation ought to put emphasis at initiatives pursuing investments synchronization and expansion of business collabor